Posted on 07/23/2016 9:45:09 PM PDT by KentTrappedInLiberalSeattle
Kmart employees believe the company is nearing bankruptcy and is in the process of shutting down all its stores.
The chain has closed one-third of its stores in the last decade, and sales have been cut in half in the same time period.
Store-level employees who spoke to Business Insider said many of the remaining 941 Kmart stores now appear to be in the midst of liquidation.
Stores are being entered into numbered phases — such as Phase 1 and Phase 2 — employees said.
(Excerpt) Read more at finance.yahoo.com ...
Ever since I was a kid I only would wear shirts with snaps because I hated buttons.
Bad management, and putting stores in bad neighborhoods doesn’t help. Sears is next. I won’t shop them. It takes a lot to get me to the mall, I have to pull my hearing aids because of the noise level over rides them, and the prices are just to high for cheap chinese junk. I’m a Senior and the clothing looks like that a street walker would wear and it’d fall apart with a few washing’s.
My fingers do the walking on Amazon these days. I buy gift cards and get gas points at Kroger’s, we average $1 off per gal on a tank of gas at least once a month. Last month because they were 4 times the points and groceries double points on the weekend, ended up with $3 for $1 off 3 tanks of gas, hubby had to go to Niagara Falls and he won’t fly, as he sets off all the bells and whistles with a metal shoulder ball and knee, his 90 yr old brother let his 40 yr old horse out to pasture, it ran him over, he fell and broke his hip and gashed his arm bad. Laid there for 2 hrs before any one found him. His daughter is getting him one of those Sat. ER call buttons. She can afford it, she’s married to a aging movie star the Dr from Love Boat, she is also in the business end of production. Lives between Chuck Norris and Debbie Reynolds. LOL
Brick and mortar stores are going extinct, no doubt. Too bad we have such a crappy economy, there should be lots of jobs. Where will these low wage, low skill workers go, if Hillary gets in and gives us 4 more years of Obama policies?
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